Question

Can the Boomer Technology Circles be applied to othe industries? What are some of the risks in pursuing this strategy?

Answer 1

Can the Boomer Technology Circles be applied to othe industries? What are some of the risks in pursuing this strategy?

In 1995, BCI began operating as a CPA company. As it grew, accounting and consulting practices were separated and a wholly owned subsidiary was therefore created. In the last decade of the 20th century, the accounting industry underwent many changes. Regulations have increased, as business costs with the large accounting companies have increased. As a result , demand for smaller accounting firms has increased. That is when the founder of BCI took advantage of his credentials in the accountants industry as a leading voice and reached smaller companies. Although the founder first visited customer sites, as business grew, BCI decided to bring client organizations into the club and to hold round table meetings to understand challenges and ways of brainstorming to meet them.

In order to discuss issues and brainstorming solutions, the conception of BCI circles was based on round-table discussions with client companies in a specific field. In addition, a 90-day progress report was presented, which discussed steps taken to solve the problems discussed in the last sitting

The circles of the BCI focused on a large market for SMEs. Motel / hotel or restaurant companies are some similar markets that can benefit. One of these industries might be focused on a consulting firm based on the BCI model. However, franchising is a common phenomenon in these sectors, and it is the franchisee who may have the advice of franchisees. This approach is easily implemented because the MD University presence indicates. When it came to providing the latest knowledge on accounting, BCI was too dependent on its founder. It is not desirable to have a similar approach in the hotel / motel industry, as this arrangement is not viable in the long term. In order for the company to be sustainable a second line of experts must be developed and made visible.

There are, therefore, certain risks associated with the BCI cycles can also be deployed in other industries. The greatest drawback of such a model is the dependence on one person to take the day for the organization.